Hedge Funds on the Comeback?

My latest for Alpha Baskets considers an argument for why hedge funds could make a comeback. My interest is more along the lines looking at various diversifiers which includes hedge fund replicators available in ETPs. From the post;

Long/short is obviously just one strategy in the hedge fund realm and clearly there is no way to know what future results will be but the return and volatility numbers reported in the chart would seem to say that this space should be investigated further if you have not been using some form of hedge fund replication as part of your strategy for diversifying your equity exposure.